What does it take to build a legend?
In our experience it is a journey –
one that begins with our Vision and Mission.
To become legendary in the financial-service scene as a provider of customer-friendly, creative and innovative total solutions
Dedicated value-added customer service to accomplish organisational service excellence whilst maintaining a sustainable competitive advantage
The legend so far…
As legends go, People’s Leasing has already made a name for itself as a trusted brand
We are one of Sri Lanka’s largest non-bank financial institutions (NBFI) with a Brand value of Rs. 8.7 billion.
75%-owned by People’s Bank
The parent lends us its:
People’s Leasing’s differentiators:
People’s Leasing is the most rated non-bank financial institution in the country with three ratings:
from Fitch Ratings Lanka Limited
one notch below Sovereign from
Our focus on financial inclusion governs our operations, prompting us to respond to all stakeholders with deliverable core values of –
Guided by our Vision, Mission and values, as a responsible financial services provider, we offer responsible lending and financial protection solutions abiding by relevant legislation, integrating environmental, social and governance (ESG) criteria into business operations and create value for our stakeholders through our tested processes, committed staff and the state-of-the-art technology.
To avoid duplicating the activities of our major shareholder we limit our services to those who are not a key stakeholder for People’s Bank.
| People’s Leasing
| People’s Leasing
| Lankan Alliance
The journey so far has been eventful. Established in 1995, People’s Leasing was registered in 2012 as a licensed finance company under the Finance Business Act No. 42 of 2011.
|1 branch in Kandy||3||Rs. 10 million|| Deposits not
|103 branches||2,329||Rs. 28,603 million||Rs. 88 billion||6 subsidiaries 1 associate|| Leasing
our team with
our product and
in line with
be a responsible
Given below is a summary industry comparison of key performance indicators.
|Indicator||Industry*||People’s Leasing||Industry*||People’s Leasing|
|Business volumes (Rs. billion)|
|Loans and advances||1,137.0||151.7||1,057.1||140.2|
|Return on assets (ROA)||2.7||3.9||3.2||3.7|
|Return on equity (ROE)||12.1||15.9||16.1||16.7|
|Net interest margin (NIM)||7.4||9.7||7.7||8.4|
|Core capital ratio||9.9||14.4||12.4||18.4|
|Total risk weighted capital ratio||11.2||15.2||13.1||16.5|
|Source of funds (%)|
|Use of funds (%)|
|Loans and advances||79.4||87.9||78.0||87.2|
|Loans and advances (YoY growth)||7.6||8.2||9.8||5.2|
|Asset quality (%)|
|Gross NPA ratio||7.7||3.9||5.9||2.7|
|Net NPA ratio||2.4||0.9||1.5||0.7|
*Source: Central Bank of Sri Lanka Annual Reports 2017 and 2018 (figures as at 31 December 2017 and 2018).
|As evident across a gamut of indicators, People’s Leasing occupies an enviable position in the NBFI sector of the country.|
People’s Leasing accounts for 12.3% of deposits, 13.3% of loans and advances and 12.1% of total assets of the industry.
People’s Leasing is one of the most profitable players with well above the industry average ROA and ROE levels.
|Source of funds
A focused approach based on a long-term strategy saw deposit base growing by 26.6% YoY against the industry growth
of mere 4.4%.
|Use of funds
Interest earning assets accounts for 94.8% of the total assets, depicting robustness of our financial intermediation.
Possesses a loans and advances portfolio with one of the highest levels of asset quality and with a provision cover of 70%.